Property & Rental
Generate a provisional and formal sale and purchase agreement for real estate in Hong Kong, covering price, deposit, and stamp duty terms.
Generate a provisional sale and purchase agreement for a property at [Property Address] between [Seller Name] and [Buyer Name] for a purchase price of [Price], including the initial deposit amount and the deadline for signing the formal agreement.
Generate a formal sale and purchase agreement for [Property Address] between [Seller Name] and [Buyer Name], covering the further deposit, completion date, and stamp duty responsibilities under the Stamp Duty Ordinance.
Generate a commercial property purchase agreement for [Property Address] between [Seller Name] and [Buyer Company Name], covering purchase price, deposit structure, and completion conditions.
A real estate purchase agreement in Hong Kong typically begins with a Provisional Sale and Purchase Agreement (PSPA), followed by a Formal Sale and Purchase Agreement, setting out the purchase price, deposit, and completion date, and triggering stamp duty obligations under the Stamp Duty Ordinance. This free Hong Kong real estate purchase agreement generator produces both provisional and formal agreements for residential and commercial property sales, reflecting standard deposit structures and stamp duty considerations, including ad valorem stamp duty and, where applicable, additional stamp duties for non-first-time buyers or corporate purchasers. It is designed for Hong Kong buyers, sellers, and estate agents who want a clear starting point before engaging a solicitor to complete conveyancing. The generator lets you specify the purchase price, initial and further deposit amounts, and the completion date. Use it to document the essential terms clearly, while still having a solicitor review the formal agreement and handle stamp duty and registration.
It typically starts with a Provisional Sale and Purchase Agreement (PSPA) setting out the price and initial deposit, followed by a Formal Sale and Purchase Agreement with fuller terms, leading to completion.
An initial deposit is usually paid on signing the PSPA, with a further deposit paid on signing the formal agreement, together commonly totalling around 10% of the purchase price, though this varies by transaction.
Yes, ad valorem stamp duty applies to most property purchases, with additional stamp duties potentially applying for buyers who already own residential property or purchase through a company, subject to the current rates under the Stamp Duty Ordinance.
The buyer typically forfeits the initial deposit paid, and depending on the terms, may face further liability if they fail to proceed to the formal agreement.
Completion is when the balance of the purchase price is paid, legal title transfers to the buyer, and the buyer takes possession, coordinated by each party's solicitor.
Yes, engaging a solicitor is standard practice to review the sale and purchase agreements, handle stamp duty, and register the transaction at the Land Registry.